CBN’s OMO auction triggers bearish treasury bills, what can markets expect?
Traders say the bearish treasury bills market was triggered by expectations of an Open Market Operations (OMO) auction later this week. To discuss this and other activities in Nigeria’s fixed income and forex market, Yinka Yomi-Tokosi, Leader of Asset and Liability Management at Access Bank (AC) joins CNBC Africa for more.
CBN to auction n34.4bn T-Bills
The Central Bank of Nigeria (CBN) will offer n34.4 bn naira worth of T-bills in today’s auction. To discuss expectations for the auction and an outlook on this week’s trading at Nigeria’s money market, Bosun Obembe, Forex and Derivatives Trader at Access Bank joins CNBC Africa for more.
CBN auctions N109bn Treasury bills
With only four trading days in Nigeria’s capital markets this week, Chuka Nwachukwu, Fixed Income Trader at UBA joins CNBC Africa to discuss activities at the fixed income and forex markets this week.
Outlook for Nigeria’s FX and fixed income market
Liquidity remained buoyant in Nigeria's fixed income space as the central bank maintained a hold on OMO auctions in the last few sessions. So what will drive this week’s trade at Nigeria’s fixed income and Forex market?
Traders cautious ahead of Nigeria’s MPC decision
Traders are cautious as they await today’s Monetary Policy Committee outcome to give guidance on interest rates. Dipo Ajayi, Head of Fixed Income and Forex at Chapel Hill Denham joins CNBC Africa for this discussion.
Naira depreciates by 0.54% at parallel market
The Naira depreciated in the parallel market by 0.54 per cent to close at 370 to the dollar and in the interbank forex market by 0.02 per cent to close at 305 against the greenback.
CBN to sell dollars to fuel importers, airlines
The Central Bank of Nigeria plans to offer dollar forwards to be delivered within two months, in a bid to offset the backlog of matured forex obligations to fuel importers, manufacturers and airlines.
How will Nigeria's forex policy affect investment?
The Central Bank of Nigeria has pledged to defend its current foreign exchange policy and the apex bank pumped a fresh 240 million dollars in the forex market on Monday.